'Pay Attention': Ledger CTO Warns of Major Security Threat – U.Today


'Pay Attention': Ledger CTO Warns of Major Security Threat – U.Today


  • The scope of the attack 
  • Are Ledger users safe? 

According to Charles Guillemet, chief technology officer at hardware wallet manufacturer Ledger, a large-scale supply chain attack recently hit the NPM (node package manager) ecosystem. 

The attackers have inserted malicious code meant to stealthily swap cryptocurrency malicious addresses on the fly. In such a way, the potential victim of the attacker will inadvertently send funds to the wrong address. 

According to Guillemet, it is unclear whether the code is also capable of extracting recovery seeds from compromised wallets. 

It is worth noting that developers all over the globe rely on NPM packages for building websites. NPM is the most widely used package manager for JavaScript and TypeScript. 

The scope of the attack 

As noted by the Ledger CTO, the compromised packages have already been downloaded more than a billion times.

Of course, it does not mean they are at immediate risk of being hacked, but this shows the sheer scope of the supply chain attack since the malicious code is already embedded across various applications. Crypto wallets pose the biggest risk since the attackers are specifically manipulating addresses. 

The attack is affecting various chains, including Ethereum and Solana. 

0xCygaar, a purported AbstractChain contributor, claims that one should refrain from signing any crypto transactions as of now. 

Are Ledger users safe? 

Guillemet has clarified that those who use hardware wallets with clear signing, like Ledger, are, in fact, not at risk. Such devices show the real transaction address on their screens.

The Ledge CTO has recommended that crypto users refrain from making on-chain transactions unless they are being performed via a hardware wallet. 





Source link